Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 29.72% is in line with its 5-year average of 28.28%, near the low end of its 5-year range (0.02%–153.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 22.74% below its 12-month average of 38.47%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2026 (2026-06-30): 29.72%.
FCF PAYOUT RATIO
29.72%
FCF PAYOUT RATIO AVG TTM
38.47%
FCF PAYOUT RATIO AVG 3Y
46.12%
FCF PAYOUT RATIO AVG 5Y
28.28%
FCF PAYOUT RATIO AVG 10Y
29.73%
FCF PAYOUT RATIO AVG 15Y
29.01%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-22.74%
CURRENT VS 3Y AVG
-35.56%
CURRENT VS 5Y AVG
+5.09%
CURRENT VS 10Y AVG
-0.05%
CURRENT VS 15Y AVG
+2.43%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
29.7%
Earnings Payout Ratio
16.8%
Dividend Yield
2.53%
FCF Yield
8.90%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.01B | $394.21M | 39.0% |
| 2024 | $656.71M | $262.06M | 39.9% |
| 2023 | ($49.69M) | $0 | N/A (Loss) |
| 2022 | $1.28B | $782.01M | 61.0% |
| 2021 | $2.04B | $1.73M | 0.1% |
| 2020 | $1.58B | $0 | 0.0% |
| 2019 | $672.94M | $150.75M | 22.4% |
| 2018 | $706.57M | $54.06M | 7.7% |
| 2017 | $352.55M | $171.97M | 48.8% |
| 2016 | $208.27M | $92.02M | 44.2% |
| 2015 | $224.76M | $68.00M | 30.3% |
| 2014 | $39.69M | $45.90M | 115.7% |
| 2013 | ($937.23M) | $42.27M | N/A (Loss) |
| 2012 | ($1.03B) | $40.52M | N/A (Loss) |
| 2011 | ($820.55M) | $82.70M | N/A (Loss) |
| 2010 | $345.97M | $149.89M | 43.3% |
| 2009 | $301.58M | $20.25M | 6.7% |
| 2008 | ($112.36M) | $27.88M | N/A (Loss) |
| 2007 | ($141.72M) | $82.56M | N/A (Loss) |
| 2006 | ($628.24M) | $85.27M | N/A (Loss) |
| 2005 | ($136.91M) | $43.41M | N/A (Loss) |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-06-30 | 29.72% |
| 2026-03-31 | 35.48% |
| 2025-12-31 | 38.28% |
| 2025-09-30 | 46.78% |
| 2025-06-30 | 42.07% |
| 2025-03-31 | 38.04% |
| 2024-12-31 | 7.59% |
| 2024-09-30 | 12.41% |
| 2023-09-30 | 153.19% |
| 2023-06-30 | 57.59% |
| 2023-03-31 | 58.15% |
| 2022-12-31 | 60.79% |
| 2022-09-30 | 25.32% |
| 2022-06-30 | 18.66% |
| 2022-03-31 | 9.69% |
| 2021-12-31 | 0.08% |
| 2021-09-30 | 0.02% |
| 2021-06-30 | 0.02% |
| 2020-09-30 | 0.11% |
| 2020-06-30 | 0.11% |
| 2020-03-31 | 16.09% |
| 2019-12-31 | 23.46% |
| 2019-09-30 | 18.35% |
| 2019-06-30 | 28.69% |
| 2019-03-31 | 14.77% |
| 2018-12-31 | 7.45% |
| 2018-09-30 | 18.07% |
| 2018-06-30 | 18.18% |
| 2018-03-31 | 35.71% |
| 2017-12-31 | 47.71% |
| 2017-09-30 | 54.00% |
| 2017-06-30 | 80.10% |
| 2017-03-31 | 82.58% |
| 2016-12-31 | 47.79% |
| 2016-09-30 | 32.76% |
| 2016-06-30 | 33.99% |
| 2016-03-31 | 20.90% |
| 2015-12-31 | 31.54% |
| 2015-09-30 | 22.10% |
| 2015-06-30 | 16.11% |
| 2015-03-31 | 29.21% |
| 2014-12-31 | 370.76% |
| 2010-12-31 | 14.06% |
| 2010-09-30 | 15.28% |
